The best example of a capital good would be ___.
A. the generator in a power plant that makes electricity
B. a new lawn mower owned by Mr. Goffe
C. aluminum that is transformed into an airplane
D. funds that a company borrows from a bank
Ans: A. the generator in a power plant that makes electricity
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Refer to the accompanying table below. According to the Cost-Benefit Principle, how many units of this activity should be carried out?Units of ActivityTotal CostTotal Benefit0$0$01$2$122$6$223$12$304$20$365$30$406$42$427$56$43
A. 4 B. 5 C. 2 D. 3
The QWERTY keyboard is an example of a company __________________.
Fill in the blank(s) with the appropriate word(s).
As market interest rates rise, people want to hold smaller cash balances, which means that the existing stock of money circulates faster and velocity rises.
Answer the following statement true (T) or false (F)
Which of the following is LEAST likely to be an outcome of a cartel as compared to the situation before the cartel was formed?
A) Cartel members charge higher prices. B) Cartel members reduce production. C) Cartel members make fewer profits. D) Cartel members do not compete with each other in pricing decisions.